Billionaire investor David Rubenstein on FTX and venture capital: 'Every investor makes mistakes'

>>>Biggest lesson of 2022 in the stock market: Nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.

Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Roger mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.

David was in on it too... To him, Sam was like a son he never had!

Rubenstein was gushing over SBF while interviewing him on his Bloomberg show just a couple of months ago. What a joke.

There are mistakes and there is negligence. The negligent will always plead that they simply made a "mistake". How convenient, especially with other people's money.

Everyone makes mistakes. Our mistake was sending millions to a crypto bro in the Bahamas who walked around in a tshirt and shorts and played video games while accepting funds from anyone who wanted to throw money at him.

I’m new to cryptocurrency and I don’t understand how it really works.Can someone guide me on the right approach to investing and making profit from cryptocurrency investment?

Lost respect for this man, this is no mistake. Lack of research, this should be alarming to venture capital firms.

What about the mistakes by the media? CNBC loved SBF! Jim Cramer even called him the JP Morgan of crypto!

I'm sure every single person who ever got caught being a scam would just absolutely love it if they could get out with the "Mistakes" card. Imagine that.

I find it baffling that "expert" investors and wealth managers like this guy can be labeled as "smart money." Any moderately experienced investor conducting basic analysis with a reasonable approach would have figured this one out from the get go! Minimal diligence on SBF and its company/ies (and, in general, most of the crypto world) would have indicated a high level of risk and uncertainty. I find it insulting that these folks, D Rubinstein included, claim now that their lack of basic diligence and simple analysis of FTX and SBF was a "simple" mistake. These folks are gambling with other people's money to whom they owe a fiduciary duty, as such, they should be held accountable and should be called on their breach of fiduciary duty!

Ontario Teachers Pension Fund, wtf? Who thought it was a good idea to invest teachers money in this crazy asset class.

He's very gracious not knocking the firms that got burned.

He's rich for a reason but you'd be hard pressed to find that reason from this interview.

I think he took the Charlie Rose spot for the rich and powerful. He would never criticise any of his peer group. It is his business model to be buddy buddy with everyone and provide a platform for them with softball questions. His swan song will stand in the way of any truth or reality. Kind of sad to be a bootlicker to the end.

I always thought very highly of this man. After this interview and his repeated talking about this massive fraud with such responses that was more about “mistakes” being made. Engaging in fraud is not a mistake.

i like the questions in this interview

Oh, now we need regulations...they didn't ask for regulations when they were thinking they were making so much money from it. Now when they lose money, it's time for "regulations" because someone beat them at their own game.

Sequoia and others no doubt didn’t do DD when they first invested but as FTX grew and they obviously had a seat at the table with the size of their holdings. But what no one admits is that blowing the whistle would guarantee their investment goes to zero whereas staying quiet allows them to hopefully flip it to someone else via an IPO etc

"Mistakes" eh? That covers everything from absolute criminality to stupid.